Listing Requirements
| |
Shareholder's Equity | min €1mil. |
Capitalization | min €40mil. |
Corporate Governance | YES |
Financial Statements | 3 fiscal years |
Free Float | |
minimum % | At least 25% or exceptionally at least 15% for companies with market capitalization > €200mil. |
number of persons holding <5% | At least 500 persons or exceptionally at least 300 persons with the simultaneous appointment of at least 2 Market Makers |
Shares lock-up | For companies with losses during the last financial year before the sumbission of the application and with estimated capitalization < €200mil., during the 1st semester following listing, major shareholders are not allowed to transfer shares that represent > 25% of their holdings. |
For the approval of the listing application, ATHEX may request to evaluate additional data, such as indicatively the operational profitability, any pending taxes, the activity sector, the administration and management of the corporate affairs.